A Cape Town businessman, who was arrested on Wednesday in Port Elizabeth by the Hawks on charges of fraud, theft and money laundering amounting to R1,5 million, has been granted bail of R2000.
Provincial Hawks spokesperson, Captain Anelisa Feni said in a statement released late on Saturday that 53-year old Sayed Nadhir Mahuideen would be back in the Port Elizabeth Specialised Commercial Crimes Court on the 5th of April on charges of fraud, theft and money laundering amounting to R1,5 million.
She said Mahuideen, who handed himself over to the Hawks, was the second suspect who had been arrested in this case.
Feni said 58-year old Mthuthuzeli Swartz, the former acting Chief Executive of the Passenger Rail Agency of South Africa, was arrested on 22 January 2019.
She says the two are accused of defrauding a 41-year-old businessman, in that they misrepresented themselves as having authority to sell a Transnet railway line between Elliot and Maclear in the Eastern Cape.
Consequently, the 41-year-old businessman paid R1,5 million into the suspects’ bank account.
However, the alleged victim never received the promised railway line in spite of the payment.
Swartz, who was also granted R2000 during his first court appearance, will be back in court together with Mahuideen in April.
